Housing price indexes are generally computed using variants of hedonic housing price models. The commonly used methods are the time-dummy method, the hedonic imputation method and the rolling window hedonic models. In addition, hedonic models that explicitly account for spatial correlation in...

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Most empirical studies of the Resource Curse Hypothesis (RCH) find evidence of a strong negative relationship between a country's natural resource abundance and economic growth. We question the reliability of these findings in relation to the definitions and measures used for both resource...

Much of the endogenous growth literature has dwelled on evaluating the spillover effects of trade on growth, but much less efforts have been directed towards tracing and quantifying the spillover effects of foreign investments. This paper, in incorporating the effects of various types of foreign...

The two basic models used for constructing price indexes for durable assets (such us real estate assets) have been the hedonic and repeated sales models. Case and Quigley (1991)-CQ proposed a generalized least squares (GLS) procedure to estimate a combined (single and repeated sales information)...

This study analyses the trends in the real prices of steers destined for the Japanese and Korean market, and cows destined for the USA market when sold in Queensland (QLD) or New South Wales (NSW). The aim of this paper is to explore how these prices have influenced each other when faced with...

This paper examines the determinants of technological catching-up across 63 countries over the period 1982-2000. A two-stage empirical approach is adopted. In the first stage, the technological divide between individual countries and the global frontier, known as the metafrontier ratio (MFR), is...

We evaluate the contribution of investment on education to Sri Lanka’s economic growth during the period 1959–2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the...

This book deals with the currently most relevant topics in price index numbers theory and practice. The problem of the harmonization of Consumer Price Indexes (CPIs) and the time-space integration of baskets is analyzed at the EU-zone level, with methodological and practical proposals on how to...

The importance of availability of comparable real income aggregates and their components to applied economic research is highlighted by the popularity of the Penn World Tables. Any methodology designed to achieve such a task requires the combination of data from several sources. The first is...